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SEC RIN: 3235-AK68 Publication ID: Fall 2010 
Title: ●Shareholder Approval of Executive Compensation and Golden Parachute Compensation 
Abstract: The Commission proposed revisions to the proxy rules to implement section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires issuers to conduct a separate shareholder advisory vote: (1) To approve the compensation of executives; (2) to determine how often they will conduct such votes; and (3) to approve golden parachute compensation arrangements when issuers are soliciting votes to approve merger or acquisition transactions. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 111-203 sec 951    15 USC 78c(b)    15 USC 78m    15 USC 78n    15 USC 78w(a)    15 USC 78mm   
Legal Deadline:
Action Source Description Date
Final  Statutory  Statutory requirement for issuers to conduct separate shareholder advisory votes is effective six months from the date of enactment.  nulldate 
Action Date FR Cite
NPRM  10/28/2010  75 FR 66590   
NPRM Comment Period End  11/18/2010    
Final Action  01/00/2011    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: Yes 
Agency Contact:
Scott Hodgdon
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-3430